Gains from sales of restricted stocks held by ent... | KPMG | CN

Gains from sales of restricted stocks held by enterprises for individuals will be taxed on enterprises only

Gains from sales of restricted stocks held by ent...

China alert - Issue 27, July 2011  

1000

Related content

Gains from sales of restricted stocks held by enterprises for individuals will be taxed on enterprises only

The State Administration of Taxation (SAT) issued the announcement [2011] No. 39 (Announcement 39) on 7 July 2011 to deal with the income tax treatment of the transfer by enterprises of restricted stocks in listed companies. Announcement 39 serves to reduce the risk of double taxation of gains where enterprises transfer restricted stocks that they hold on behalf of other individuals or enterprises.

Connect with us